Wait — Elon Musk just sold X, the social network formerly known as Twitter, to himself?
Well, kind of. Musk, in a post on X Friday, said that his artificial-intelligence company, xAI, has acquired X in an all-stock transaction that values X at $33 billion ($45 billion minus $12 billion in debt). The deal gives xAI a valuation of $80 billion, Musk claimed. Musk acquired Twitter in October 2022 for $44 billion and took the company private.
What’s going on here? With the sale of…
Article Source
https://variety.com/2025/digital/news/elon-musk-sells-x-to-xai-valuation-1236351570/
